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Bitcoin double spend FUD
By Side Hustle Rich  •  January 22, 2021
So, immediately after I published my Crypto YouTube channel, bitcoin crashed to levels not seen since 2 weeks ago! Bitcoin started January strong and rallied to $42K, before commencing a sharp pull back to $30K. It sort of recovered and was hovering around $35K when it began falling again, this time to around $29K. The fall over the last 48 hours has been attributed to news that double spending had been detected on the bitcoin blockchain. Bitcoin double spend what? In case you didn’t know, the strength of blockchain technology and bitcoin in particular is that it has solved for double spend. Solving the double spend problem Double spending occurs when a digital currency is duplicated and spent twice. This is a common problem because a digital currency is simply code on a computer network, and can potentially be manipulated. The growth that bitcoin witnessed over the last decade was predicated on bitcoin having...
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By Side Hustle Rich
I’m Richard, creator of SideHustleRich. I created this site to journal my experiments, experiences and thoughts on working up multiple streams of income, in an attempt to achieve financial independence. I’m a happily married man and a father to two young boys. I don’t believe in working until i’m 65, maybe enjoy 5 years of retirement before starting to ache all over from basically growing old and tired.
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